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STATEMENT AND APPEAL 



IN BEHALF OF 




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DECEMBER, 1881. 






STATEMENT AND APPEAL 



IN BEHALF OF 



Kenyon College 



The undersigned beg leave to submit the following 
statement and appeal in behalf of Kenyon College, 
situated at Gambler, Ohio, devoted to the 2)romotion of 
Christian Education, and under the control of Trustees 
elected from the Dioceses of Ohio, Southern Ohio, 
Pittsburg, AYest Virginia, Kentucky, Indiana and 
Michigan, and from the Alumni of the College. 

For convenience sake we here speak of the College 
and connected Theological Seminary, (both of them at 
Gambler, and essentially united under the same Trus- 
tees and incorporation), under the one name of Kenyon 
College, because, although the corj)orate name is 
" Theoloo'ieal Seminarv of the Diocese of Ohio," the 
other is the name most familiar to the public. Kenyon 
Colleo-e was one of the first educational institutions 
established in the West. It has been in existence but 
little more than half a century, yet it has already ac- 
complished great things. The sons of Kenyon have 
reached and filled positions of the highest eminence 
and the laro-est usefulness in Church and State. 



[2] 

To-day Kenyon has a splendid foundation in its un- 
surpassed location, its superior buildings, its reputation 
for thorough work. JNTothing is needed but development 
that Kenyon may become the peer of any College in 
our country. 

A great College, however, cannot be made without 
large gifts of money. Colleges are like Hospitals in 
that they do not so much depend u^^on fees as upon 
Endowments. All our great Colleges are largely 
endowed. 



WHAT KENYON COLLEGE HAS. 



Kenyon College has now property and Endowments 
valued at nearlv fLYe hundred thousand dollars. In 
natural beauty its College Park is unexcelled in the 
United States. Its buildings are architecturally at- 
tractive, as well as permanent in structure. Bishop 
CoxE, (than whom in matters of taste no better judge 
could well be found), writes of "the massive dignity of 
Ascension Hall and the Church of the Holy Spirit, as 
not unworthy of Oxford or Cambridge." 

The following Professorships are already Endowed^ 

THEOLOGICAL SEMINARY. 

MiLNOR AND Lewis, (Systematic Divinity) $25,000 00 

Griswold, (Biblical Literature) 25,000 00 

Bedell, (Pastoral Divinity) 28,436 24 

Cooke, (Ecclesiastical History) 30,000 00 

Total 1108,436 24 



[3] 

KENYON COLLEGE. 

Spencer and Wolfe, (Mental and Moral Philosophy) S25,000 00 

Peabody, (Mathematics) 25,000 00 

Bowler, (Natural Philosophy and Chemistry) 25,000 00 

McIlvaine, (English Literature and History) 13,900 00 

Trustees 3,000 00 

BOARDMAN 1,800 00 

Alumni.... 1,300 00 

Total $95,000 00 



WHAT KENYON COLLEGE NEEDS. 



(1.) The Endowment of the above Professorships 
should be raised to a uniform sum of at least thirty 
thousand dollars. 

(2.) There is needed for the Endowment 

of the Presidency and Chaplaincy, - $50,000 

Endowment of the Latin Professorship, - 30,000 

Endowment of the Greek Professorship, 30,000 

. Endowment of the Modern Languages Pro- 
fessorship, --------- 30,000 

'Endowment of a new Professorship of 

Political Science, ------- 30,000 

Endowment of a new Professorship of 

Mining and Engineering, - - - - 30,000 

The Bowler Professor of JN'atural Philosophy and 
Chemistry, at present gives instruction in Botany, 
Geoloo'v, PhvsioloGTv, Phvsics and Chemistry. With 



[4] 

the growing desire for thorough training in the Natural 
Sciences, there is a strong demand for at least one new 
Professorship in this Department, - - - - f 30,000 

(3.) Rosse Hall should be converted into a Fire- 
Proof Library and Reading Room. The cost of this 
much needed improvement would not exceed five 
thousand dollars. 

(4.) The interior of Ascension Hall should be com- 
pleted and old Kenyon put in thorough repair. 

(5.) Money is needed for a Library Fund. 

(6.) Money is needed for Scholarships. 

(7.) Money is needed for a Hotel and Commons 
Hall. 

There is thus required for the present development 
of Kenyon College, not less than two hundred and fifty 
thousand dollars. Considering the great results to be 
attained and the great ability of our friends, it is 
earnestly hoped that this amount may speedily be given. 

The cause of Higher Education is of the very first 
importance. In a land like ours one moves the masses 
by moving the leaders. How necessary then that those 
who are to be leaders should be wisely guided and 
rightly trained, that so ''peace and happiness, truth 
and justice, religion and piety may be established 
among us for all generations." 

In our Eastern States this is now widely felt and 
largely recognized, so that public spirited and liberal 
citizens of those States have of Late contributed millions 
of dollars to their leading Colleges. Increased facilities 
have thus been provided, and great advances have been 



[5] 

made. Has not the time come for a like movement in 
this portion of our pountry, which is now its centre of 
population, and which is already great in manufactur- 
ing establishments, in agricultural resources and mineral 
treasure, and also in accumulated capital ? 

This part of our country demands the very best 
educational training, and this demand will surely be 
met. The question rises, shall this training be merely 
secular, or shall it be moral and religious also ? The 
highest education is not that which develops the in- 
tellect alone, but that which rightly influences the feel- 
ings and shapes the will for glorious ends. Kenyon 
Colleo'e has always labored to combine thoroughness of 
mental training with nobleness of Christian character. 
Christian character is worth more than any measure of 
mental endowment — worth more, as a personal posses- 
sion — worth more, as an outward influence — worth 
more, even as mercantile capital. In these days of rich 
insolvencies, and respectable defalcations, and cultured 
embezzlements, real Christian character is to be more 
and more at a premium. In too many of our colleges 
Christianity is almost overlooked, and in too many 
others it is so presented that it does not attract the 
noblest natures, nor do the best work. When rightly 
apprehended, it is an adequate cause for the production 
of all that is strongest, and truest, and bravest, and 
noblest, in human character. It ought to be so pre- 
sented that it will be seen to be such a cause, and felt 
to be such a cause. We believe that it is so presented 
at Grambier. 

The foundations at Grambier w^ere laid in faith and 
prayer. Our fathers have built wisely thereuj^on. We 
are called to carry on their work. 



[6] 

Kenyon College to-clay oifers a splendid foundation 
for a great educational institution. ^ Let the superstruc- 
ture speedily rise for the good of man and the glory of 
God. 

All v/hich is respectfully submitted, 

G. T. BEDELL, Cleveland, 0. 
A. H. MOSS, Sandusky, 0. 
H. P. BALDWIN, Detroit, Mich. 
J. W. STEVENSON, Covington, Ky. 
RUFUS KINO, Cincinnati, 0. 
WM. B. BODINE, Gambier, 0. 

Committee of the Board of Trustees, 



[ 7] 



KENYON FINANCES. 

1854—1881. 



The following statement exhibits the financial condi- 
tion of the Theolooical Seminary of Ohio, and of Kenvon 
College as it was on June 1st, 1881, and includes sta- 
tistics for the years 1854, 1867, and 1876. 

ASSETS CONTEOLLED BY THE BOAED OP TEUSTEES. 



Investments 

Land Unsold 

Build'gs & Grounds 

Bowler Fund 

Cooke Fund 

Cash 



1854. 



1867. 



1876. 



1881. 



S71,536.36'$148,877.50!^199,851.00S226,719.0u 



39,000.00 
120,000.00 



36,625=00: 24.225.00 20.725.00 

150,500.00 215,000.00 233,000.00 

25.000.00 25.000.00 

25,000.00! 



7,428.00i 1,471.00 



5,174.00 



$230,536.36 8401,430.50 $465.017. 00:$4S6.6 18.00 



After 1867 The Cooke Fund is included in '• invest- 
ments," and so is The Bowler Fund in 1881. 



TABLE OF INCOME. 



Interest 


1854. 


1867. 


1876. 


1881. 


35,299 49 
1,088.00 
1,243.25 


812,228.93 

3,908.00 

679.25 

880.00 


$14,961 00 

2,324.00 

537.31 


$15,565.89 

2,640.00 

549.00 

8,746.00 


Students' Bills 

Bents 


Incidental 


Total 


$7,630.74 


$16,816.18 


$17,822.37 


$27,500.00 


Ordinary Income... 


$7,630.74 


812,471.83 


817,822.37 


$18,754.00 



"Incidental" means special gifts, collections, bequests and the like. 



[8] 

TABLE OF EXPENSES. 



Totals, 


1854. 


1867. 


1876. 


1881. 


$7,826.00 


$18,692.19 


$18,691.65 


$22,385.48 





The above includes only ordinary repairs. In the 
year ending June 1st, 1881, J5,674 54 was expended in 
extended improvements and repairs, in order to make 
the grammar school first class in its appointments. 

LIST OF ENDOWMENTS. 

In Bexley Hall. 

MiLNER AND Lewis, Professorship $25,000 00 

Griswold, " 25,000 00 

Bedell, " 28,436 24 

Cooke, • '' •. 30,000 00 



Total $108,436 24 

Kenyon College. 

Spencer AND Wolfe, Professorship $25,000 00 

.- 25,000 00 

25,000 00 



Peabody, 

Bowler, 

McIlvaine, 

Trustees, 

Boardman, 

Alumni, 



13,900 00 

3,000 00 

1,800 00 

1,300 00 



Total $95,000 00 



Special. 

Vaughan, Library Fund $ 500 00 

Hoffman, 
Betts, 

St. George's Hall, Library Fund 3,182 50 

Hannah More, Scholarship 1,205 55 

Clarke, " 1,071 00 

Bedell, Lecture Fund 5,000 00 



" 5,000 00 

" " 1,000 00 



$16,959 05 



[^ ] 

TABLE OF INVESTMENTS. 

Int. 
State of Ohio Bonds $36,000 00 6 

Muskingum County Bonds 9,000 00 7tV 

Zanesville City Bonds 16,000 00 8&7/^ 

Warren & Franklin R. R. Bonds 30,000 00 7 

Columbus & Toledo '' " 16,000 00 7 

Columbus & Hocking Valley R. R. Bonds 6,000 00 7 

Scioto Valley " '' 1,000 00 7 

New York Central " " 1.000 00 6 

Dayton & Michigan " •' 1,000 00 7 

St. Louis & Vandalia " " 1,000 00 7 

Cleveland, Tuscarawas & Wheeling" " 1,000 00 7 

United States Bonds 1,000 00 4 

Lake View Cemetery Bonds 7,000 00 7 

Corn Exchange Bank Stock 3,000 00 10 

Milnor Fund, St. George's Church, N. Y.. 10,000 00 5 

Bowler Fund, Cincinnati Trustees '. 25,000 00 

Bills Receivable, Mortgages 56,719 00 7 

Betts Library Fund 1,000 00 

Bedell Lecture " 5,000 00 

Total $226,719 00 

Interest due for Hurd Estate 500 00 

Cash on hand 5.174 00 

Total $232,393 00 

MISCELLANEOUS. 

The Hurd interest has been paid since June 1st. 

Note part of donation, Hobbs $ 1,000 00 

C, Mt. V. & C. R. R. Stock $5,000, not valued. 

Unsold land appraised at $ 20,725 00 

Buildings and Grounds 233,000 00 

On June 1, 1881, the Bowler, Betts and Bedell Funds, 
were in the hands of Trustees designated by the donors, 
not Trustees of the Seminary or College. Since that 
date a little more than $25,000 of the Bowler Fund has 
been turned over to the Board. 

Debts owing by the Board, none. 



[ 10] 

Besides the Funds included in the table; after June 
1st, The Curtis Scholarship Fund of $15,000 was donated 
by the Hon. H. B. Curtis, of Mt. Yernon, and invested 
by the donor accordino- to his own terms. Also the 
Hon. Columbus Delano has donated $1,000 to form a 
fund, the income of which shall be used in the purchase 
of apparatus for the chair occupied by the Peabody 
Professor. And the Hon. J. W. Andrews has conveyed 
to the Board certain lots in Columbus, Ohio, for scholar- 
ships. The Board in conjunction with Hon. C. Delano 
and the Regents of Milnor Hall has, since June 1st, con- 
tinued the w^ork of completing Delano Hall. And the 
Board undertook to expend about $3,000 for that purpose, 
and to loan to the Regents. a like sum to be expended 
by them on said Hall. It is expected* that the Bowler 
Fund will produce from $6,000 to $12,000 more than the 
$25,000 included in the table. 

A. H. MOSS, 

MOSES M. GRAJSTGER, 

Committee. 



By action of the Board of Trustees, I have been re- 
lieved from all administrative duties at Grambier, until 
July 1st, 1882, that I may devote my whole time and 
energy to the furtherance of the object referred to in 
the foregoing statement and appeal. The great need 
of Kenyon College to-day is money. There are some 
men who wish to recognize their stewardship of wealth. 
I beg all such to come to Gambler, that they may see 
what there is to be found at this lovely spot, namely, a 
great opportunity to do good in education with their 
money, and to identify their names and memories for 
generations with that good. 



[ 11 ] 

For those who cannot well come and see for them- 
selves, I append the following testimony, which in one 
way and another, at one time and another, has come to 
me as an almost spontaneous expression of opinion. 

Such testimony mio-ht be o:reatly increased. The 
general judgment of intelligent men, who are familiar 
with the history, and know the present condition of 
Kenyon College, points only in the one direction. 

WM. B. BODIXE, 

President of Kenyon College. 



Froni President Hayes. 



Executive Mansion, 

Washington, April 21st 1880. 

Kenyon College is now out of debt. Its property and endowments 
amount to about a half a million dollars. Its location is central and 
accessible, and in a region of unusual bealthfulness aud beauty. It is 
upon such a basis that all who contribute to its endowment fund may 
confidently expect tliat their donations will essentially advance the cause 
of thorough moral and intellectual training in our country. 

From Chief Justice Waite. 

Washington, D.C, April 13th, 1881. 

I congratulate you on the improved condition of things at Gambler. 
I felt sure last summer that you would be successful in your efforts to get 
more students, and you know it was my prophecy that money would 
come if you got the boys. There is no reason why Kenyon should not 
become the leading Episcopal College in the United States, and I cannot 
but believe that, if your health and strength are spared, you will make 
it so. Trinity is overshadowed by Yale and Harvard, while Kenyon 
stands comparatively by itself in an open field. The objections once 
made to its type of Churchmanship no longer exist, and there is no 
reason in the world why all should not unite to keep you in the work 



[ 12] 

you have so well begun. It gave me very great pleasure to hear of the 
donations you had received from Mr. Delano, Mrs. Bliss, and others, 
and you may rest assured they are but the forerunners of more that are to 
come. You deserve success, and ought not to be permitted to fail for 
want of money. 

From General Sherman. 

Headquarters Army of the United States. 

Washington, D C , April 15th, 1881. 

* * * Surely it is time for Ohio to take a prominent part in 
University Education, as prominent as she has fairly earned in the 
highest branches of Political and Military Government, and no place in 
the State is more appropriately located, or is surrounded by more beauti- 
ful rural scenery than Gambler; therefore, although I have no claims on 
Kenyon College, or she on me, I wish her all honor, glory and success. 

From Mr. Justice Swayne. 

Washington, June 16th, 1881. 

I know no institution more deserving, and none where money can be 
applied with more beneficial results. Nothing is wanting, but pecuniary 
means to enable it at once to take a commanding position, and to exercise 
a very large influence for good throughout the Ohio and Mississippi 
valleys, and the North Western States of the Union. The foundation 
well laid, already exists; only the superstructure is wanting. Those 
who give may rest assured, that the money will be wisely and well 
applied, and faithfully according to the direction of the Donors. 

From Hon. John Sherman. 

Washington, April 30th, 1881. 

Your letter of yesterday, calling my attention to the efforts about to 
be made to advance the growth and to increase the endowment of Kenyon 
College, has been received. I heartily sympathize with this movement. 
I consider the location, surroundings, buildings and condition of Kenyon 
College as among the most favorable in Ohio. It would in my opinion 
have been wiser to have had fewer Colleges in our State, and to have con- 



[13] 

ceatrated our efforts to the fouDciation and support of one or two Univer- 
sities. With the growing wealth and population of Ohio, we may yet hope 
that from our present Colleges one or two such Universities may spring, 
where students may gather in greater numbers than the founding of our 
Colleges will allow, and where they will have the advantages of the 
highest culture, and the assistance of the ablest Professors. Kenyon College 
has many advantages. Besides its unsurpassed location, it has a history 
of which we may all be proud. It has furnished from among its Presi- 
dents, Professors and graduates some of the most distinguished citizens 
of our State and Country. While it is the chief institution of the 
Episcopal Church of Ohio, it has always been conducted with a spirit 
of just and generous toleration for all forms of religious belief. I there- 
fore will heartily second your efforts for its further endowment. 

From Hon. George H. Pendleton. 

CiJ^ciNNATi, November 17th, 1881. 

I am rejoiced to hear of the increasing prosperity of Kenyon College. 
I am told by my good friends, in the Board, that in the number of stu- 
dents, as well as in responses to appeals for aid the awakening interest 
of the people of our State is very manifest. 

The history of the foundation of Kenyon College endears it to all 
Episcopalians. Its graduates, eminent in the State and in the Nation, 
have made its honored name familiar at many firesides. Its exceptional 
advantages of location, combining so much of beauty of scenery and 
healthfulness of climate, commend it as the home of studious aspiring 
youth. The broad and liberal spirit in which its theological doctrines 
have been taught has disarmed all sectarian opposition. 

I congratulate you most sincerely that your assiduous labor and self- 
denying devotion have been already so successful. 

I am sure that this is but the beginning of the full measure of success 
which will eventually, I trust very soon, crown your efforts. 

From Hon. Wm. Windom. 

Treasury Department, 

Washington, April 30th, 1881. 

"Kenyon College is well known to me, inasmuch as my youth was 
spent in Knox County, and so I grew up under the shadow of the College. 
Your College park is one of the loveliest spots on earth, and there are 



[14] 

few things that would give me more pleasure than to revisit the 
place, with which is associated so many happy memories. You have 
every advantage at Gambier for the upbuilding of a grent educational 
institution. Your location, your buildings, your record are all of the 
best. I hope that you will be successful in your efforts to strengthen 
and enlarge the influence of the College, by adding to your endowment 
fund." 

The followino- from the editorial columns of the Cincinnati Gazette 
was written by Hon. Richard Smith, immediately upon his return from 
the Commencement Exercises of 1881. 

"Grambier is one of the best locations in the country for a first-class 
. educational institution, and rich men ought to rally to its support. If 
the latter who want to do something for the public while they live would 
visit G-ambier, we feel sure an income of $100,000 annually would be 
speedily assured; if it could be made double that .sum, us it ought to be, 
then the West could compete successfully with Yale, Harvard and 
Princeton. Gentlemen who have money they can spare ought to take 
this matter into serious consideration. The President of Kenyon is 
deeply in earnest, and if Mr. Bodine is properly sustained the institution 
is bound to flourish:" 

Extract from the remarks of Hon. Stanley Matthews at the Com- 
mencement Exercises June 24th, 1880. 

" I take great pleasure in embracing the opportunity now offered me 
for expressing in brief words the very great delight I have experienced 
in this visit to these old scenes. I rejoice especially in the power of the 
visible aspects of Kenyon as I now see her, for in addition to the build- 
ings which have been added, I think I have discovered here the presence 
of something worth more to Kenyon even than her buildings, and that 
is the spirit of a new life which will make buildings where forests only 
grow. I feel very proud that I am a graduate of Kenyon. I feel very 
proud of Ohio. I am a Buckeye, even of the second generation, and I 
am glad that all my education, academic and professional, was received 
from institutions of Ohio. Here, at Gambler, I received the best and 
most lasting impressions of my life. The formation of whatever character 
I have was laid in these Halls, and therefore it would rejoice me beyond 



[ 15] 

measure to see Kenyon not only living and prospering, but growing to 
be great and commanding — the institution of the center of the West. 
There is no reason why this should not be; there are many reasons why 
it ought to be; there are many reasons why I think it will be." 

At the commencement exercises of 1881 there where present Ex-Presi- 
dent Hayes, Hon. John Sherman, Hon. Columbus Delano, Murat 
Halstead, Editor Cincinnati Commercial, Richard Smith, Editor Cincin- 
nati Gazette, John King, Jr., of the B. & 0. R. R., Hon. Theodore 
Cook, and other distinguished visitors. All expressed themselves as 
greatly charmed with the inspiring views and pure bracing air of Gambler, 
and the beautiful and massive buildings of Kenyon College. 

Among other things President Hayes said: 

A TRUE AND EARNEST WORD TO CHURCHMEN. 

"The force, the aggressiveness, the influence of the Protestant 
Episcopal Church in this central region of the West is fast bound up 
with Kenyon College. This Church icill he a power for good in these 
States in proportion as Kenyon College is made strong and commanding ^ 

The following letter, written by the late Bishop Kerfoot, has received 
the cordial endorsement of the Bishops of the Dioceses adjacent to Ohio. 

Bishop's House, No. 11 Cliff Street, 
Pittsburgh, July 1st, 1879. 

Kenyon College is now renewing its vigor and enterprise. It has a 
long record of excellent work done, and it has now fresh agencies and 
facilities for thorough academic work. It has grounds surpassing any 
college grounds that I know in extent, beauty and cultivation, and its 
buildings are very ample and convenient. I believe that its religious 
teachings and influences are heartily in accord with the Gospel and 
Church of Christ, as our Prayer Book guides us. It therefore gratifies 
me to commend the college to parents in my Diocese, seeking a college 
home for their sons. 



[ 16 ] 

ON THE ENDOWMENT OF COLLEGES. 



Extracts from an article in the International Review^ Sept., 1881. 

The history of the financial beginning of the older colleges is very 
common place; the history of one is, in broad outlines, the history of all. 
It is a history of penury, of endeavors for an endowment, and of constant 
needs far outrunning the means of supply. 

Within the last score of years donations to the Colleges have been most 
numerous and munificent. It is hardly an exaggeration to say that since 
I860 they have received an amount fully equal to their entire valuation 
in that year. In 1 847, when Abbott Lawrence gave fifty thousand dollars 
to Harvard, it was said to be "the largest amount ever given at one time, 
during the lifetime of the donor to any public institution in this country." 
Several Colleges and Universities have within this period been founded 
with endowments sufficient from their very beginning to make them in- 
dependent of the whim of legislatures or the income of tuition fees. Cornell 
University received by a congressional land grant nearly a millioo acres, 
besides five hundred thousand dollars from Ezra Cornell, whose name it 
perpetuates. Vassar also began with a gift of more than four hundred 
thousand dollars from 3Iatthew Vassor. Smith received, before its doors 
were open, about half a million from Sophia Smith. Wellesley was at 
the outset well endowed by Henry F. Durant. The Johns Hopkins 
University possessed, before it had enrolled a single student, not less than 
three millions of dollars. The older colleges have added vastly to their 
resources within the last two decades. Harvard's properly has tripled 
in value; Yale's in the various departments has increased by not less 
than a million and a half; Princeton's by more than a million, and 
Darmouth's by a large amount. During President Stearnes administra- 
tion of twenty-two years, Amherst receive i more than eight hundred 
thousand dollars. 

Among the most munificent of the benefactors to colleges, in addition 
to several already named, are George Peabody, Mrs. Valeria G. Stone, 
of Maiden, Mass, Johns Hopkins, of Baltimore, Ario Pardee, of 
Hazelton, Pa., John C. Green, of New York, Henry W. Sage, of Brooklyn, 
Samuel Williston, of Easthampton, Mass., Joseph E. Sheffield, Amasa 
Stone, of Ohio, Nathan Matthews, and Nathaniel Thayer, of Boston, 
and Alexander Agassiz of Cambridge. The roll might be lengthened 
to indefinite limits, but these names represent the larger gifts. The gifts 
of the younger Agassiz, in carrying on the Museum which his father 



[17] 

founded, already exceed three hundred thousand dollars. Nathan 
Matthews and Nathaniel Thaj'er, have each given more than a quarter of a 
million to Harvard University. Amasa Stone gave five hundred thousand 
dollars to Western Reserve College, on condition of its removal from 
Hudson to Cleveland. Samuel Williston gave one hundred and fifty 
thousand dollars to Amherst College, and richly endowed the Seminary 
at East Hampton which bears his name. Joseph E. Sheffield gave to 
the Scientific School of Yale College nearly four hundred thousand 
dollars. The gifts of Henry W. Sage and Ezra Cornell to the Univer- 
sity at Ithaca, N. Y. aggregate more than a million. To Princeton the 
late John C. Green gave seven hundred and fifty thousand dollars, and 
to Lafayette, Ario Pardee has since 1864 given, at diff'erent intervals, 
more than half a million. The largest single bequest ever made, at least 
in this country if not in any country, to any educational institution is the 
three millions which Johns Hopkins, a Baltimore merchant, gave to 
found the University which transmits his name. Mrs. Valeria G. 
Stone, the wife of a Boston Merchant who retired from business in 1850, 
and who received some two millions from her husband, with the under- 
standing that it should be chiefly distributed "to educational, charitable 
or benevolent institutions, causes or objects," has thus far disbursed 
about twelve hundred thousand dollars. 

George Peabody gave about eight millions to benevolent objects, of 
which about one quarter forms the "Southern Educational Fund." To 
Yale and Harvard he gave each one hundred and fifty thousand dollars ; to 
Washington College, Virginia, sixty thousand; to Kenyon, Ohio, twenty- 
five thousand; and to various scientific institutes about a million and a 
half, two-thirds of which endowed the institution at Baltimore. In re- 
spect to the geographical distribution of these benefactions it is evident 
that wherever the greatest wealth is combined with the highest degree 
of intelligence they are the largest. 

Of the usefulness of gifts and bequests made to colleges, there is no 
question. So long as the colleges are designed to promote learning, to 
ennoble character, and to foster righteousness, so long will the endow- 
ment of them prove beneficient. Even if the State should establish, as 
has been done in several commonwealths, a university for the training 
of its youth, and allow them to resort thither with the same freedom as 
to its other public schools, it is clear that in other commonwealths 
the best colleges are, and for generations will be, those endowed by 
individual citizens. It is also clear that a college cannot meet its barest 
expenses from its natural source of income — the tuition fees. Even 



[ 18] 

Harvard, with a fee double or triple that of most colleges, spent in a 
recent year twenty thousand dollars more than it received from students; 
and this cost was exclusive of the expense of the Library, and of the 
general administration. Endowment is essential to the continued exist- 
ence of a college. 



SCHOLARSHIPS. 



In some of our American Colleges Scholarships have 
been established by generous men and women, the 
income of which is given to deserving young men of 
limited means, who are struggling to obtain a liberal 
education. Such scholarships, endowed in amount from 
one to five thousand dollars each, should be open to 
competition, and should be awarded as prizes for success 
in study. Through the liberality of Hon. Henry 
B. Curtis, LL. D., and Hon. John W. Andrews, LL. D., 
some scholarships have already been endowed in Kenyon 
College. It is greatly to be desired that the number of 
these scholarships shall be increased. JN^o more fitting 
memorial gift could well be made, — Scholarships as well 
as Professorships, will be named as the donors may 
direct. 



BEQUESTS. 



Extract from a convention address by Bishop Bedell. 

If it be said that it is wiser to complete one's charities during life, 
whilst they can be properly guided and guarded, the answer is obvious. 
Certainly, let every possible provision of benevolence, or beneficience, 
be made whilst one's will and generosity can control it. But, unless a 
Christian can do some need of loving supererogation, I do not see how 
the meeting of all possible righteous or charitable claims on his income 
during life will compensate for a neglect to contribute a just share of 
his property to meet such claims on his estate, after he is dead. 



[ 19] 

It is well to trust one's heirs, that they will do their duty; but it is 
safer and wiser to do one's duty for oneself; and not to impose an obli- 
gation on others to which they may possibly be reluctant. 

In this peculiarly reckless and improvident age, when nothing is more 
noteworthy than the melting away and utter dissipation of great estates, 
after the death of an accumulator, it would seem as if no argument were 
needed to enforce this subject. The grand charities of the world, glori- 
ous intellectual treasures, libraries, schools, universities, are chiefly 
the result of legacies. Some few persons in our own day have set a 
noble example by such endowments while living. Great souls ! They 
ennoble their generation. But this is seldom possible. In the Provi- 
dence of Grod our age and our church must wait until its children pass 
from this stage before we shall see great charitable or educational founda- 
tions firmly and generously laid. It must result from bequests. 



FORMS OF BEOUEST. 



Persons desiring to make bequests to the Theologi- 
cal Seminary or the College, are advised to make use 
of the following forms. The laws of different States 
vary on the subject, and it is expedient, for those who 
desire to make valid bequests to the Institutions, to 
consult and conform to the laws of the States in which 
they live. 

I give and bequeath to the Theological Seminary of the Protestant 
Episcopal Church in the Diocese of Ohio, at Gambler, Ohio, the sum 
of dollars. 

I give and bequeath to the Theological Seminary of the Pro- 
testant Episcopal Church, in the Diocese of Ohio, at Gambler, Ohio, 
for the use of Kenyon College, the sum of dollars. 

Note.— By au Act of the Legislature of the State of Ohio, passed March 30th, 1874, all he- 
qnests for Benevolent, Religious, Educational, or Charitable purposes are invalid and 
void, unless made by a will duly executed according to law, at least twelve months prior 
to the decease of the testator or testatrix. 



[20] 



Since the foregoing was put into the printers hands, the following has 
been made public: "By the will of Charles H. Northam, of Hartford, 
Conn.. Trinity College has received a hundred and twenty-five thousand 
dollars." Grod be praised ! How many will follow this noble example, 
and make generous provisions by will for Kenyon College ? 



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